Bullish Key Players: Satoshi Nakamoto comes alive with first post in 4 years! After years of inactivity the account at P2P Foundation of the individual who created bitcoin has finally posted once again. If the account is genuinely controlled by Satoshi Nakamoto then what should we make of his solitary post and how will the crypto community react to it?
Vitalik Buterin, the creator of Ethereum, has a new title to his name. He’s now Dr. Vitalik Buterin. This is after the University of Basel, decided to honor his innovations in blockchain space by awarding him an honorary doctorate. His achievements were recognized by the university’s Faculty of Business and Economics as part of Dies Academicus, its annual celebration that commemorates the founding of the university.
Banks and Institutions: It’s been a long journey since Alan Lane, the Silvergate Bank CEO bought his first bitcoin in 2013. Five years later, Silvergate is arguably the leading bank for crypto startups in the United States. Many of its prominent exchange clients include Coinbase, Gemini, Kraken, and bitFlyer. As revealed in the bank’s IPO, filed earlier this month, the bank now works with 483 crypto startups that contributed roughly $1.7 billion in deposits to the balance sheet as of Q3 2018.
Coinbase rolled out an over-the-counter cryptocurrency trading desk earlier this month. Over-the-counter, or OTC, trading is done directly between two parties instead of on an exchange. Coinbase acts as what’s known as an “agency” and earns commission by executing client trades.
Ten large financial service and technology providers in the cryptocurrency space, including Mike Novogratz’s Galaxy Digital merchant bank, have formed an association to develop rules for the still mostly unregulated industry. The members of the new entity, called the Association for Digital Asset Markets (ADAM), will become the first organization in the US to focus on creating standards for digital asset market participants in cooperation with regulatory bodies.
Adoption: Vitalik Buterin, the co-founder of Ethereum, spoke about the evolution of the cryptocurrency space, in an interview with Smart Valor. He also spoke about the next big wave for crypto in 2019. On this, Vitalik believes that the space currently requires more “actual applications” of the technology for it to move forward, on which the entire team has been striving to build for a long time.
CZ, Binance CEO was asked about Binance’s upcoming goals – Zhao was elusive, stating that Binance focuses more on a ten-year plan in the long term, and three months in the short term. However, he did point out that he believed 2019 would be a large year for cryptocurrency adoption in general. He sums up the interview up by stating: “Anything that helps the industry get bigger will be good.” Zhao also pointed out that despite the fact that Binance is a cryptocurrency exchange; he wanted people to know that the company was working to help the overall future blockchain infrastructure.